Earl owns and operates a food trailer at the State Fair. After being .pdf

alexleather 29 views 1 slides Mar 28, 2023
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About This Presentation

Earl owns and operates a food trailer at the State Fair. After being featured on a national
televison network, his deep-fried cupcakes dramatically increase in popularity, and Earl hires
more workers at a cost of $80 per worker per day. Earl also pays $40 per day just to park his
trailer, even if he...


Slide Content

Earl owns and operates a food trailer at the State Fair. After being featured on a national
televison network, his deep-fried cupcakes dramatically increase in popularity, and Earl hires
more workers at a cost of $80 per worker per day. Earl also pays $40 per day just to park his
trailer, even if he has no workers. The table shows the number of workers and the number of
cupcakes that they can produce in a day. On the first graph, plot Earl's production function per
day.

in the second graph, chart Earl's total-cost curve per day.
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